A strong US dollar has pushed down most commodity prices this week with gold, silver and oil posting losses. Copper prices were up slightly on the news.
Articles Tagged "copper price"
Copper – Copper prices increased May 13 on the London Metal Exchange to $7,390 a tonne, about $15 higher than the previous session.
Copper – Bloomberg reported that copper continued to rise on Monday, boosted by signs of strength gathering in major consumer China's demand. As quoted in the market report:
Copper – Reuters reported that copper continued its climb on Monday, after hitting a 1-1/2 year low last week.
Positive economic news and hints of interest rate cuts in Europe supported oil and copper prices this week, while central banks and buyers of gold bars and coins gave the yellow metal a much-needed lift.
Copper – Reuters reported that copper tumbled almost one percent on Monday, pulled down by weak Chinese growth data and a dip in imports.
Resource prices declined in the wake of weaker-than-expected Chinese economic growth, while gold found some stability later in the week after its biggest sell-off in 30 years.
INN Senior Editor Andrew Topf spoke with Patricia Mohr, commodities analyst at Scotiabank, about the outlook for a selection of mined commodities.
Copper – Bloomberg reported that copper registered its second day of gains in a row on encouraging inflationary data from China, cutting the likelihood of tightening of monetary policy.
Copper – Reuters reported that copper pulled back on Monday, as investors lost some enthusiasm in the wake of the Cypress bailout deal. Copper also suffered from news of growing supply and data that suggests Chinese demand is still thin.